I have owned and run a part-time business since 2009. Because

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I have owned and run a part-time business since 2009. Because of our unique situation, we use independent contractors vs employees. There was a mistake made in the 2011 tax year as to how we reported independent contractor wages to the IRS. We inadvertently used form W-2 instead of the appropriate 1099-Misc (which we've used in each of the other Tax Years). This has just come to my attention and I'm wondering the best course of action to take to rectify this for all concerned.

Void a W2 you accidentally submitted by using form W2c. For the previously reported amounts, use those that were on the original W2. List the corrected amounts as zero. ... Then file a a “corrected” Form 1099. The “corrected” box on the form tips off the IRS not to simply add up the figures on the two Forms 1099.

I still don't see you coming into the chat here, so I'll move us to the "Q&A mode ... Maybe that will help (We can still continue a dialogue there, just not in real time) ... Let me know if you have questions

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. OrvilleHesperia, California

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